Japan Economic News ·
Yen surges to 157 yen level on government-BOJ intervention speculation
The yen surged late on the 30th, briefly reaching the 157 yen level, sparking speculation of currency intervention by the government and BOJ. Major semiconductor testing equipment maker Advantest raised its earnings and dividend forecast on strong AI demand, lifting the Nikkei average by 433 points. The government revised down its fiscal 2026 growth outlook to 0.9% due to high oil prices.
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Yen surges to 157 yen level, government-BOJ intervention suspected In New York markets late on the 30th, the yen surged from the 163 yen level to the upper 157 yen level, jumping nearly 5 yen. Speculation grew that the government and BOJ had conducted yen-buying intervention. 123
Advantest revises up earnings to record high on AI semiconductor demand Advantest raised its earnings forecast for the fiscal year ending March 2027, now expecting sales of 1.7 trillion yen and operating profit of 846 billion yen (profit margin 51.7%). Demand for testers for AI inference semiconductors far exceeded expectations, and the Nikkei average rose 433 points amid a sharp surge in the company's stock. 456
Government cuts fiscal 2026 real GDP growth forecast to 0.9% The government, citing rising crude oil prices, lowered its real GDP growth forecast for fiscal 2026 from the previous 1.3% to 0.9%. The revision accounts for price increases and global economic slowdown risks and could affect future economic management. 7
Japan Economic News
Compact morning updates on key Japanese economic news, including Nikkei, exchange rates, and monetary policy.